115 Wise Ave NENorth CantonOH44720
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in North Canton at 115 Wise Ave NE, North Canton, OH, 44720 offers $1,339/mo rent that, after a $857/mo payment, leaves $187/mo cash flow. Total monthly income is $1,339/mo, and annual cash flow is $2,249/yr on $58,013 cash. Return on cash invested measures 23.79% in year one, and rental yield stands at 9.18% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 124.21% and total cumulative return in cash reaches $72,055. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,339/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
5,536 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44720, Canton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,102 (100%) |
| Owner Occupied HU | 12,320 (68.1%) |
| Renter Occupied HU | 4,840 (26.7%) |
| Vacant Housing Units | 942 ( 5.2%) |
| Median Home Value | $264,902 |
| Average Home Value | $297,243 |
Housing Distribution
Address Breakdown
Residential
17,503
Single Family
16,416
Multi-Family
1,087
Businesses
1,548
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Listed by: Laura Vandervaart • Real of Ohio
Mls Name: MLS Now
Mls ID: #5179309